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Aug 04, 2009
Yale Increases Financing
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to announce that it is increasing the size of the previously announced non-brokered private placement of up to 10,000,000 units at a price of $0.04 per unit (see news release dated July 27, 2009) to up to 12,000,000 units to raise a total of up to $480,000 with the same terms as previously announced.

The Company has agreed to pay a finders fee, upon closing, on portions of the proceeds raised. Proceeds of the placement will be applied to ongoing work programs on the Company's current portfolio of properties and on general working capital. Completion of the placement is subject to the approval of the TSX Venture Exchange.


On behalf of the Board,

"Ian Foreman"
Ian Foreman, P.Geo.
President

For additional information on Yale Resources please call the Company at 604-678-2531.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
 
 

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